Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ net migration loss slows in 2012, despite Aussie lure

NZ net migration loss slows in 2012, despite Australia's lure for locals

Feb. 1 (BusinessDesk) - New Zealand's net migration loss slowed last year, despite the lure of a brighter future across the Tasman which continued to attract kiwis.

The country reported a net outflow of migrants for a second calendar year, with annual net migration of negative 1,165 in 2012 from 1,855 in 2011, according to Statistics New Zealand. The slowdown came against a backdrop of some 38,800 more people jumping across the Tasman to Australia, even as the mining boom starts winding down. The UK, China and India provided a net inflow of more than 15,000 people.

"Net immigration was weaker than expected in December, breaking a three month run of positive inflows," said Westpac Banking economist Felix Delbruck in a note. "It's too soon to say if the recent improving trend has stalled - this may just be monthly volatility."

Today's figures also showed flat visitor arrival numbers, with the number of short-term visitors falling 0.1 percent to 364,000 in December and down 1.4 percent to 2.56 million on an annual basis. The number of Chinese visitors climbed 35 percent on the year, with Asian arrivals up 11 percent to 511,000.

European visitors fell an annual 14 percent to 406,000, while Australian arrivals were flat on the year at 1.16 million.

The figures also showed more New Zealanders were taking advantage of the strong kiwi dollar, with more overseas trips. International trips by locals rose 4 percent to 2.17 million in 2012, with the biggest increase in the number of travellers heading to the US. The kiwi recently traded at 83.90 US cents.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news